COURSE OBJECTIVES: This course is centred on the core EU VAT legislation, EU Directive 2006/112/EC, and, importantly, also gives an insight into local practice within the member states. The rules in each member state are covered under the course content headings.
COURSE CONTENT
Overview
- Content and scope of Directive 2006/112/EC
- Territorial application of the tax
- A common VAT system
- What is subject to VAT and what is not
- National derogations
The Charge to VAT - What Gives Rise to a VAT Liability or Obligation in Another Member State?
- Taxable persons and economic activity
- Place of supply of goods and services and deemed supplies
- Acquisitions and deemed acquisitions
- Distance sales and trading via the internet
Rates of VAT in Other Member States
- Standard, reduced and ‘parking’ rates
- Exempt supplies and partial exemption requirements
- Exemptions with credit
VAT Registration
- Turnover limits
- Time limits and penalties for late registrations
- Simplification measures and special exemptions for non-resident entrepreneurs
- Fiscal representatives
- VAT groups – a possibility or a requirement?
Compliance
- VAT return filing procedures and time limits
- VAT invoicing requirements and procedures
- Input tax
- Right to deduct
- Non-recoverable VAT
- Partially recoverable VAT
Mutual Recovery
- Recovering VAT in other member states under the EC Eighth Directive
WHO SHOULD ATTEND
This course is intended for those who need an in-depth knowledge of how VAT works across the European Union as a whole and the differences between the member states.
"Excellent presentation and at such a level that all attendees could appreciate and understand the topics. The lecturer provided bespoke answers to individual attendee queries but kept the whole room involved. A talented presenter."
Would you like this course run in-house? Call us on 0207 566 8207 to find out more